CPA for Private Schools

Audit

An audit involves examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. Audited financial statements provide the most assurance of all of the financial statement engagements performed by a CPA.

Review

A review consists principally of inquiries of the non-profit's personnel and analytical procedures applied to financial data. It is substantially less in scope than an audit, but still provides limited assurance that the financial statements are materially free from misstatements. Since it is less expensive than an audit, it can be a better place to start if the organization has never had an outside CPA review their books.

Compilation

Compiled statements involve taking the client’s data and information and put it in the form of a GAAP based financial statement. The accountant is not required to test the balances in the financial statements or verify the information unless she knows that the information is incorrect or incomplete.

Review of Internal Controls

A review of internal controls includes discussions about the current accounting procedures with the non-profit's personnel, analyzing the effectiveness of these procedures, and making verbal and written recommendations for improvements to the overall accounting system and internal control policies. This helps the non-profit organization develop better accounting processes.

We Solve Your Private School Accounting Issues

We don’t just do audits, reviews, compilations, and 990s. We help our non-profit schools with all of their accounting needs. We…

Understand the struggle private schools have making ends meet without raising tuition too high for the parents to afford.

Help you tell your story and your accomplishments on your 990 so that donors want to give to your school to help defray the costs of private education.

Help you develop accounting processes to track payments for student activities and extracurricular events.

Help you develop your financial processes so that you improve your internal controls

Give you the benefit of our years of experience working exclusively with non-profit schools.

Why Hire a Cox and Associates CPAs LLC for My School?

To Gain Transparency and Integrity

Keep parents and donors happy by proving your integrity is as crucial to you as it is to them.

We help non-profit schools design their accounting processes to maximize whatever staff size you can afford. Non-profit schools understand that there needs to be transparency on how funds are spent. We help make sure this is done without overburdening your staff. Whether you need a review of your internal controls or an audit, review, or compilation, we can help you demonstrate your commitment to transparency.

IRS Tax Compliance

Laws change, and you struggle where to find answers. Compliance is a must in our environment. Cox and Associates follow the latest changes to IRS regulations, so you know your school is in compliance with the latest laws.

Most staff of a school do not have the time or energy to learn how to complete the form 990 and its many related schedules accurately. We help you navigate the complicated 990 rules and get your 990 prepared right.

To Improve Donor and Parent Confidence

As a non-profit school, you are always looking for donors to supplement your tuition revenue. Since we value excellence, we perform the work with excellence.

You can be confident that your financial statements will reflect the health of your school. You can open your books for inspection to donors without hesitation.

The Form 990 and Savvy Donors

The 990 tells your story and can attract donors when done right by an experienced professional. The 990 is a public document; properly documenting the details of your story and your many accomplishments encourages potential donors to invest and parents to have confidence in how you are spending their money. We make sure your financials are in compliance with tax laws so that your 990 not only complies with the IRS regulations, but also makes you shine as a school.

Education is a crucial

Doing it the right way. We teach your accounting staff.

IRS Compliance

Donors need to know that you are using your contributions for good causes, and they can only see this if your books clearly show how you use your donations.

We LISTEN to what you, the client, needs, and we tailor our services to best meet those needs.

We provide you with a checklist of documents needed based on the engagement we are providing.

We'll help you document your process through our interviews and questionnaires when we perform an audit or a review of your internal controls.

At the end of each audit, we provide a written management letter that gives you recommendations to improve your current accounting processes.

Contact us for a free 15 minute consultation

About Us

We work with non-profit organizations that desire to learn, showcase their mission, and improve their accounting systems. Our main focus is on educating the non-profit’s staff and board as we perform your audit, review or compilation engagement, or prepare the 990.